6 May 2015
EUR/USD challenges highs near 1.1360
FXStreet (Edinburgh) - The buying interest remains intact around the euro on Wednesday, with EUR/USD now on its way to re-visit session highs around 1.1360.
EUR/USD higher on Greece, risk appetite
The risk-off sentiment keeps growing bigger amongst traders, with spot trading closer to the 1.1400 handle and advancing almost 2 big-figures since session lows in the 1.1170 area.
Disappointing results from the US ADP report today (169K act.) sent the dollar lower and kept underpinning the upside in the pair, which found further support from Greek headlines, unveiling some ‘progress’ in the EU-Greece debt talks (?).
EUR/USD relevant levels
The pair is advancing 1.58% at 1.1363 with the next resistance at 1.1371 (high May 6) followed by 1.1380 (high Feb.26) and then 1.1400 (psychological level). On the flip side, a breakdown of 1.1175 (low May 6) would aim for 1.1066 (low May 5) and finally 1.0959 (low Apr.29).
EUR/USD higher on Greece, risk appetite
The risk-off sentiment keeps growing bigger amongst traders, with spot trading closer to the 1.1400 handle and advancing almost 2 big-figures since session lows in the 1.1170 area.
Disappointing results from the US ADP report today (169K act.) sent the dollar lower and kept underpinning the upside in the pair, which found further support from Greek headlines, unveiling some ‘progress’ in the EU-Greece debt talks (?).
EUR/USD relevant levels
The pair is advancing 1.58% at 1.1363 with the next resistance at 1.1371 (high May 6) followed by 1.1380 (high Feb.26) and then 1.1400 (psychological level). On the flip side, a breakdown of 1.1175 (low May 6) would aim for 1.1066 (low May 5) and finally 1.0959 (low Apr.29).